Ash Narayan Allegedly Induced Clients to Invest in Ticket Reserve Inc. (TTR) without PurpotedlyTelling them it Was Financially Distressed, that He Owned Millions of Shares of TTR Stock, or that He Secretly Obtained Nearly $2 Million in Undisclosed Finder’s Fees
Ash Narayan allegedly induced clients to invest in Ticket Reserve Inc. (TTR) without purportedly first telling them that it was financially distressed, or that he owned Millions of Shares of TTR Stock, according to a Complaint from the SEC’s U.S. District Court (Northern District of Texas) currently under review by attorneys Joe Peiffer and James Booker.
Ash Narayan, in addition, also secretly obtained nearly $2 Million in undisclosed finder’s fees, the aforementioned Complaint reports.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Ash Narayan’s alleged multi-million dollar fraud scheme.
Narayan, TTR and its Chief Executive Officer Harmon, and Chief Operating Officer Kaptrosky Allegedly Carried out the Scheme by Making Undisclosed Finder’s Fee Payments to Narayan-often Paid out of Client Funds-and Concealing Their True znature by Memorializing Them as “Directors Fees” or “Loans”
Narayan, TTR and its Chief Executive Officer Harmon, and Chief Operating Officer Kaptrosky, allegedly carried out the aforementioned scheme by making undisclosed finder’s fee payments to Narayan, often paid out of client funds, according to the aforementioned Complaint currently under review by attorneys Joe Peiffer and James Booker.
In addition, they also allegedly concealed their true nature by memorializing them as “director’s fees” or “loans”, said Complaint reports.
Narayan and TTR allegedly drafted and executed sham promissory notes in order to further conceal the fraudulent payments and also purportedly help Narayan evade taxes, according to the aforementioned Complaint.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment fraud schemes and Ponzi schemes, and are currently investigating Ash Narayan’s alleged investment fraud scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Ash Narayan’s alleged investment fraud scheme are encouraged to contact the securities lawyers at Peiffer Wolf Carr & Kane, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.